Bond valuation relationships the 15 year, $1,00o par value bonds of Waco industries pay 6% interest annually. the market price of the bond is $855, and the market's required yield to maturity on a comparable risk bond is 9%.
a. what is your yield to maturity on the Waco bonds given the current market price of the bonds?______%
b. Determine the value of the bond to you given the market's requiered yield to maturity on a comparable risk bond?
c. should you purchase the bond?